Invoice Finance; Did You Know?
Invoice finance is actually one of the most popular forms of financing for small businesses due to its accessibility and flexibility.
According to UK Finance, an invoice finance facility ‘supports clients of all sizes, from start-ups to corporates, and provides particularly important support for small businesses.’ UK Finance also reports that currently, around 40,000 businesses benefit from invoice finance in the UK.
What Is Small Business Invoice Factoring?
When you are running a small business, it can be difficult to keep up with all of your expenses. If your cash flow isn’t stable, then small business invoice factoring could be the financial solution you need.
Setting Out Terms and Conditions on Your Invoices.
As a business owner, you know that invoicing is an essential part of the process. But did you know that setting out clear and concise Terms and Conditions on your invoices is just as important? This will ensure that your clients are aware of what is expected of them and what will happen if they don’t meet those expectations. And whilst you may have lengthy detailed T’s & Cs on your website or on the original confirmation of the order, a summary of these on the actual invoice can help ensure you’re paid in a timely fashion with minimal queries.
How Invoice Finance Benefits Companies in the Courier and Haulage Industry
Running a courier or haulage company can be tough. You’re always on the go, making sure that your client’s goods are delivered on time and in perfect condition. But even the most reliable and established companies can experience cash flow problems. Every business owner knows that cash flow is essential for keeping your business afloat. […]
Invoice Finance – Providing A Steady Recovery Amidst Economic Uncertainty
In the midst of economic uncertainty, invoice finance has been a steady and reliable source of funding for businesses. In recent months, we have seen an uptick in the number of SMEs using invoice finance to get the money they need to grow their business, as, despite the very real pressures on finances, many are […]
Essential Financial Guidance for Small Businesses
Running a small business is hard work, but it can be incredibly rewarding. However, one of the main reasons why small businesses fail is due to a failure to understand financial management. In this blog post, we are going to look at financial guidance for small businesses. We will discuss cash flow, accounting, taxes, planning […]
Credit and Loan Application Approvals at an All-Time Low for Small Businesses
Small businesses are the backbone of the UK economy, and yet credit and loan approvals are at an all-time low which is having a significant impact on small businesses, which are struggling to expand and grow. In this article, we’ll take a look at what credit and loan providers are looking for in order to […]
Predicted Rise of Small Business Growth in 2022: How to Afford to Grow.
The last few years have been difficult for many businesses both big and small and whilst some admittedly have done well, for most the pandemic hit hard and they’ve been struggling to recover ever since. However, there are signs this is starting to turn around and small businesses have been predicted to grow significantly in […]
The Effects of Rising Costs on Small Businesses
It’s no secret that small businesses are struggling to survive in today’s economy. With constant rising costs and inflation at an all-time high, it has become increasingly difficult for business owners to keep their heads above water, add in the value of the pound dropping significantly and import prices increasing, it’s a tough environment to […]
Late Payments Are Taking a Toll on Small Businesses: What’s the Solution?
It’s no secret that late payments are still having a significant impact on small businesses and the number of small businesses being impacted by late payments is increasing. This is causing many small businesses to struggle, as they become unable to maintain their cash flow and operations. Late payments also have a knock-on effect on […]
